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Nassim Nicholas Taleb on Black Swans

EconTalk

You Really Shouldn't Sleep So Well at Night

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We tend to reward all successful people with the crown of skilled, exactly. We have a tendency to force the world into mediocristan,. And we just take a small sample, and i can sleep well at night. Your book is nat. You really shouldn't sleep so well at night, because the level of risk involved in your life isn't as easily captured by the measurest you think. The tails are very fat. They're not as thin as they are in the galcean, normal world. Yet we do.

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